Abadi agreed on a Kuwaiti proposal on the mechanism of granting corporate investment licenses

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Prime Minister Haider al-Abadi on Tuesday approved a Kuwaiti proposal to grant certain facilities in the granting of investment licenses to companies participating in the Iraq reconstruction conference in February.
“The government has set up a supreme investment committee under my chairmanship to be the only window to the investor and to divert them from resorting to more than one destination to obtain investment licenses,” Abadi was quoted as saying during a meeting with a Kuwaiti media delegation.
Abadi welcomed the proposals presented by the Kuwaiti media delegation, which include granting certain facilities in the mechanisms of granting investment licenses to companies participating in the conference for the reconstruction of Iraq in Kuwait, pointing out that “the proposal needs parliamentary legislation that defines mechanisms and controls.”
He called on Kuwaiti investment companies to “enter the Iraqi investment arena, pointing out that his government has taken several measures to reduce the bureaucratic procedures in dealing with investors.”

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